Microplate Absorbance Reader Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Status : Ongoing | Report Code : FACT860MR

The recent technological advancements in microplate absorbance reader are likely to boost their demand among end-users. Adoption of LED technology is one such advancement. LEDs in absorbance readers are at least 85% more efficient than traditional halogen lamps. These solid state readers (Absorbance 96) use multiplexed electronic which helps illuminating every well of the microplate. The focus is kept on technological advancements by researchers. For instance, recent developments include:

Absorbance 96 is a latest development (November 2020) by Enzo Lifesciences to be used in applications including ELSIAs, protein quantification assays, cell based assays, etc. With its weight only 900 grams, absorbance 96 is by far the lightest microplate reader in the market. The product features a USB connection for power supply, quick plate loading and show accurate results.

In 2020, BioTek announced the New Cytation 7 with upright and inverted microscopes and multi-mode micro plate detection in a single instrument. It has a magnification range up to 1.25x to 60x which allows researchers to capture and analyse large objects as well as micro details. It include features such as quadruple monochromator based fluorescence and gas control, plus variable shaking which provides an ideal environment for live assays.   

Year 2019 also saw major developments in this sector, for example:

BioTek Instruments in January 2019 launched New Epoch 2 Microplate Spectrophotometer for absorbance measurements. It scans the wavelength up to 200-999 nm to accommodate nucleic acid, ELSIA, etc. The device is cost effective and highly performing.

In January 2019, Hercuvan Lab systems introduced Nano series and Gene series to provide researchers with various solutions and products for the development of laboratories. 

Microplate absorbance readers have gained increased palpability for use in a wide range of assays, including protein quantitation, microbial and growth. Imparting sensitivity, flexibility, and convenience to the assays is a key aspect that has been driving demand for microplate absorbance readers over the past couple of years.

Key microplate absorbance reader manufacturers have been focusing on integrating temperature independent sensor into their microplate absorbance reader designs. The main objective behind this is automation and assurance of accurate absorbance values through detection of pipetting errors.

Focus of leading players has also been on elimination of the requirement for buying and replacing filters with monochromator-based wavelength for UV-visible absorbance. End-users continuously seek for microplate absorbance readers that offer fast results with high performance, and features an enhanced sensitivity, such as in high-throughput screeners.

Evolving requirements of end-users and high competition in the market has resulted in shifting focus of microplate absorbance readers manufacturers toward the development of high-performance, economical solutions that enable application versatility. Such as immunoassays with calorimetric substrates. Other key developmental focus areas of microplate absorbance reader manufacturers include improved microplate reading speeds, robust data analysis capabilities, and extensive onboard assay configuration.

Microplate absorbance readers have witnessed several developments in recent years, that range from wide applicability for clinical and lifescience laboratories, comprehensive curve-fit selections, to security login that enables unlocking and locking of key administrational protocol settings. Plate compatibility is another important area where microplate absorbance reader manufacturers constantly place increased emphasis to retain and expand their customer base.

Microplate reader is laboratory instrument which are specifically designed for the detection and process of chemical, physical or biological reactions for the experimental purpose. Microplate absorbance reader is used in the quantification of gene expression, proteins, and for testing biochemical reactions. Microplate absorbance reader is majorly used for research purpose in bioassay and drug discovery.

Recent technological advancements have made it possible to make the interactive user interface to include data acquisition from microplate reader. Microplate absorbance reader can be either fully automatic or semi-automatic. A microplate absorbance reader is basically a plate based spectrophotometer which measures the amount of light of a specific wavelength that is able to pass through a solution.

Another major application of microplate absorbance reader is assessing the labeling efficiency of dye-labeled samples. Microplate absorbance reader uses ultraviolet or visible light for detection.

Drivers and Restraints

Over the past years, increasing focus of research institutes and biotech companies in the healthcare industry are driving the growth. Furthermore, rising technological advancements have made it possible to generate more reliable results compared to the traditional measurements.

This is further increasing the focus of researchers towards the microplate absorbance reader. However, the high sophistication of alternatives available hampers the market growth. Moreover, poorly developed research facilities and medical infrastructure in the developing countries are expected to deter the growth over the forecast period. Other factors like high cost associated with the instrument may also restrain the growth of the overall market.

Segmentation

Based on type:

  • Single-Mode Microplate Absorbance Readers
  • Multimode Microplate Absorbance Readers

Based on end user:

  • Biotechnology Companies
  • Research Institutes
  • Contract Research organization’s
  • Others

Overview

The market is continuously evolving with more advancements in the technology. Due to increasing usage, the microplate absorbance readers are gaining more flexibility, functionality, and speed. Growing need from the users is increasing the demand of microplate absorbance reader. Such reasons are making companies to mainly focus on R&D to attain the maximum market share globally. Microplate absorbance reader measures a wide range of assays like ELISA using colorimetric substrates and protein concentrations. The microplate absorbance reader sector is expected to grow with a double digit CAGR during the forecast period.

Regional Outlook

Geographically, global market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China and Japan, China, Japan, Middle East and Africa. Currently, North America is expected to contribute maximum shares globally due to the presence of established key players in this region. Essentially, the US occupies the significant share in North America region due to the high acceptance of microplate absorbance readers.

This is further followed by Western Europe and Asia-Pacific regions owing to increasing automation of laboratories in these two regions. Asia Pacific is expected to be the most lucrative region due to the developing medical infrastructure, increasing government funding for research and development activities in the countries such as India, China which is expected to show a robust growth. The growth in the Middle East & Africa and Latin America regions are significantly low when compared to the developing countries.

Key Players

Some of the players include Bio-Rad Laboratories, BioTek Instruments, Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc., Molecular Devices, LLC., Tecan Trading AG, Accuris Instruments and others. The prominent players are majorly focused on increasing the strong line of distribution channels and marketing of microplate absorbance readers.

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Microplate Absorbance Reader Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031